Sen. Ben Nelson Supports Financial Bill

Sen. Ben Nelson (D., Neb.) said today he would vote for the financial overhaul bill, less than 24 hours after telling reporters he had concerns about how the package would be implemented.

“I will support the Wall Street reform bill to end bailouts, add commonsense consumer protections and make sure that Nebraska Main Street businesses are not adversely affected as we rein in recklessness on Wall Street,” Nelson said. “This bill also will protect and empower consumers with new transparency and accountability, and does so without raising taxes.”

Nelson’s support likely gives the White House either 60 or 61 votes for the bill, enough to block a possible filibuster. He was one of the last Democrats to make up his mind on the bill. The Senate could vote on the measure as soon as Thursday.

About Washington Wire

Washington Wire is one of the oldest standing features in American journalism. Since the Wire launched on Sept. 20, 1940, the Journal has offered readers an informal look at the capital. Now online, the Wire provides a succession of glimpses at what’s happening behind hot stories and warnings of what to watch for in the days ahead. The Wire is led by Reid J. Epstein, with contributions from the rest of the bureau. Washington Wire now also includes Think Tank, our home for outside analysis from policy and political thinkers.